Interfor Corporation · TSX:IFP
Interfor — Shareholder Meeting (May 2013)
6 slides from Interfor's shareholder meeting presentation, May 2013
Slide 1: 2013 Annual General Meeting
2013 Annual General Meeting
Slide 2: 2012 In Review
2012 IN REVIEW • Business conditions improved as the year progressed. • Recovery in US housing gained momentum; Chinese market continued to grow. • Lumber prices up 18% year-over-year. • Production up 7% to 1.4 billion board feet. • Net earnings of $3.7 million or $0.07 per share; EBITDA $60.5 milli
Slide 3: 2012 In Review
2012 IN REVIEW • Significant progress on “strategic initiatives” in 2012. • Capital projects completed at Adams Lake, Grand Forks and Castlegar; • Acquisition of Rayonier’s Wood Products Business announced. • Achievements position Interfor for long-term success. 3
Slide 4: Q1 2013 Market conditions significantly better than Q4
Q1 2013 IN REVIEW • Market conditions significantly better than Q4. • Random Lengths Composite Index up US$66 or 19% quarter-over-quarter; US duty at 0% vs 8% in Q4. • Interfor earned $17.8 million or $0.32 per share in Q1 (before share-based compensation and other items). • EBITDA was $37.1 million
Slide 5: Outlook
OUTLOOK • Random Lengths Composite Index has dropped to US$396 (down US$55 from peak). • Near-term weakness will likely continue; albeit at higher levels than last year. Higher log costs likely. • Interfor will continue to focus on long-term positioning. • Integration of Southeast operations continu
Slide 6: 2013 Annual General Meeting
2013 Annual General Meeting
Interfor — Shareholder Meeting (May 2013) on 6ix